MERCERVILLE, N.J., May 26, 2011 (GLOBE NEWSWIRE) -- Laser Energetics, Inc. (Pink Sheets:LNGT) is pleased to announce a new sales contract with General Security and Communications Corporation (GESECO). GESECO is a Mexico-based company whose mission is to bring integrated solutions supported with cutting edge technology into the Mexican market. GESECO has deep relations with Mexico's government and provides quality international equipment for the development of strategic and tactical operations for its Homeland Security Forces. The initial purchase for ten (10) Dazer Laser® Guardians will be used for testing and evaluation by various government agencies at both the local and federal levels. Once the testing and evaluation is complete a substantial order will be placed by GESECO for Mexico's Military, Law Enforcement, Prisons and Correction Agencies. The testing and evaluation from the Mexican government will be monitored by other Latin American Countries who will ultimately follow Mexico's lead in purchasing the Dazer Laser® for their own Homeland Security forces.
"Market acceptance of the Dazer Laser® continues to accelerate," stated Robert D. Battis, Founder, President & CEO of Laser Energetics, Inc. "We have demonstrated the effects of the Dazer Laser® to various governmental agencies around the world and the feedback has been very positive. They see the Dazer Laser® as a game-changing, tactic-enhancing solution."
"On another note," said Battis, "we expect to make additional announcements in the near future regarding several substantial orders placed by governments around the world. Most everything about the profile of the Company will change for the positive upon receipt of these orders. Our moment is now, and we are seizing these opportunities with both hands. I believe that today's press release is just one of many sales announcements we will be making over the coming months."
About Laser Energetics: The Company has a primary focus on its Dazer Laser® – Light Fighting Technologies, the "Ultimate Non-Lethal – Less Violent®" Weapons Serving Humanity, its Alexandrite Laser technology and its applications associated with Remote Sensing, Pill Marking, and Photo Acoustic Imaging. In addition, the company is focused on its Total Reflectance Transmitter (TRT) technology. Laser Energetics has and continues to develop a comprehensive and strategic laser product line that addresses laser applications in Industry, Science, Medicine, Homeland Security and the Military. More information about the company is available on the Internet at .
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
CONTACT: Laser Energetics, Inc. Investor Relations Dan Schall - (609) 610-4095
